Daily Archives: January 20, 2016

The consensus that was supremely confident and risk-oblivious when valuations were outrageous, is starting to become concerned and gradually terrified as prices re-couple down to economic reality.  This is the usual emotional swing that transpires each market cycle but particularly … Continue reading →

As mainstream financial firms and advisers urge everyone to hold and hope as prices plunge, the question each client should be asking them is, “For how long?  How long will it take to recover my losses?” The secular bear that … Continue reading →

Another year, another repugnant ‘bank star’ convention in Davos, Switzerland full of all the same people who were saved by taxpayer bailouts in 2008 and have been undeservedly, grotesquely enriched from central bank liquidity injections ever since.  This morning’s interview … Continue reading →